30 results
- 6 Apr 2017
Jaiz Bank MD Says NPL within Tolerable Limits
As the incidences of Non-Performing Loan (NPL) continue to dog bank’s in Nigeria, Jaiz bank plc Wednesday disclosed that its exposure to NPLs in the short to medium term was within tolerable limits.…
- 20 Jun 2022
Investors Worry about Banks’ N814Bn Non-Performing Loans
Investors at the weekend, urged government to stimulate economic activities, particularly, in ensuring security and facilitating the movement of agricultural produce as well as the seamless export of…
- 30 Jun 2020
Nigerian Banks Face Asset Quality Crisis – Report
Nigerian banks are once again susceptible to an asset quality and solvency crisis as a result of the emergence of COVID-19 and subsequent deterioration in economic activity which includes a drop in…
- 22 Dec 2014
Unity Bank Plans Aggressive Loan Recovery
Unity Bank Plc said it would adopt peaceful resolution and where necessary aggressive legal processes in its efforts to recover debts owed the financial institution. Besides, it hinted that the bank…
- 11 Nov 2013
Nigerian Banks Have Highest Cost Base
Nigerian banks have been discovered to have the highest cost base amongst their peers due to increased levy paid to the Assets Management Company of Nigeria (AMCON) as well as the poor state of…
- 1 Apr 2020
Banks Recorded N5.28tn Non-performing Loans in 2019 –NBS
Out of the N65.21tn loans granted by Deposit Money Banks in 2019, about N5.28 trillion of them are non-performing loans. The figure is contained in the Banking Sector Data report which was released…
- 2 Nov 2018
Banks Lose N12.06Bn through Fraud Transactions in 6 Months – CBN
Central Bank of Nigeria (CBN) has revealed that commercial banks in the country lost a total of N12.06 billion to fraud and forgeries in the first six months of 2018. This is just as the…
- 29 Apr 2021
CBN Fires all First Bank Directors, Reinstates Sacked MD
Central Bank of Nigeria (CBN), has sacked all First Bank of Nigeria (FBN) directors and appointed new ones with immediate effect. The CBN also accused the directors of corporate governance breach,…
- 3 Oct 2025
How Policy Missteps Weigh Down Nigeria’s Fragile Banking Giants
By Blaise Udunze Nigeria’s banking sector has always stood at the center of the nation’s economic hopes. Yet, instead of fueling growth and wealth creation, the sector finds itself trapped in a cycle…
- 11 Jun 2021
CBN Debunks Report on Planned Nationalisation of Unity Bank
The Central Bank of Nigeria (CBN) has denied planning to nationalise Unity Bank Plc as alleged by an online news medium. Reacting to the report, Osita Nwanisobi, Acting Director, Corporate…
- 7 Nov 2025
Banks’ N1.96Trn Black Hole: Who Took the Loans, Who Defaulted, and Why the Real Economy Suffers
By Blaise Udunze Nigeria’s banking sector has entered a season of reckoning. Eight of the nation’s biggest banks have collectively booked N1.96 trillion in impairment charges in just the first nine…
- 27 Nov 2018
Diamond Bank’s Solvency Crisis Will Further Worsen—Moody’s Warns
The baseline credit assessment (BCA) and adjusted BCA of Diamond Bank Plc have been downgraded from caa3 from caa1 by Moody’s Investors Service. Moody’s Investors Service, foremost global…
- 29 Jul 2016
Skye Receives N100Bn from Central Bank
Skye Bank has received more than 100 billion naira in liquidity from the central bank since July 4 to shore up its operations, its new managing director said on Friday. Tokunmbo Abiru told reporters…
- 10 Oct 2016
50 Nigerian “Big Men” Owe Banks N5.2Trn
Central Bank of Nigeria’s (CBN) Financial System Stability (FSS) report has revealed that 50 customers owe commercial banks the sum of N5.23 trillion, representing 33.4 per cent of the total private…
- 12 Oct 2016
UBA Grows Profit to N62Bn in Nine Months
United Bank for Africa Plc, yesterday announced its unaudited third quarter financial results recording a 7 per cent year-on-year growth in profit before tax to N62 billion despite the challenging…
- 4 Dec 2017
Report Raises Concerns over Health of Nigerian Banks
A number of banks in Nigeria are living on borrowed time as they struggle to recover sticky assets and pare down their loan loss provisions, according to Business Hallmark. The report said…
- 15 Apr 2018
Coronation Merchant Bank Records 66% Growth in Gross Earnings for 2017
Coronation Merchant Bank Limited announced its 2017 full year results to stakeholders at its Annual General Meeting held in Lagos, in which the bank posted a Profit Before Tax of N5.1 billion.…
- 3 Jan 2019
Access Bank, Diamond Bank Merger to Create Africa's Biggest Bank
A planned merger between Access Bank and Diamond Bank is set to form the largest banking group in Nigeria and Africa by number of customers according to the two lenders. Global Finance, a…
- 6 May 2019
First Bank Plans Aggressive Debt Recovery to Boost Dividend Payout
Management of First Bank, has assured that it would continue to work tirelessly to ensure that it is brought down to a single digit by the end of 2019 financial year. Speaking at the 7th…
- 1 Sept 2019
UBA Delivers 21% Growth in Profit, 21.7% Return on Average Equity
United Bank for Africa Plc, Africa’s leading financial institution, has announced its audited half year financial results for the period ended June 2019, showing impressive growth across key…
- 18 Oct 2019
CBN Says 7 Banks Failed Stress Test
Central Bank of (CBN) has said seven commercial banks in the country failed stress test in adequate funding at the end of 2018. Though the CBN did not name the banks; the stress test is part…
- 28 Oct 2019
FG Urged to Disburse TraderMoni through Lendtech Platforms
Lendtech platform operators in the country have urged the federal government through the office of the Vice President Yemi Osinbajo, to disburse TraderMoni loans through the technology platforms in…
- 3 Aug 2020
Sterling Bank Grows Income as Profit Falls Marginally
Sterling Bank Plc on Monday in Lagos reported a net interest income of N33.5 billion during the first half-year of 2020. Mr Abubakar Suleiman, the bank Chief Executive Officer, said in a statement…
- 13 Aug 2020
Customers at the Heart of Everything @ Nova Merchant Bank- MD
Nova Merchant Bank Limited has a sound risk management structure, good understanding of the business environment and customer base, according to Anya Duroha, its managing director/chief executive…
- 20 Aug 2020
CIBN Urges Stability of Financial System
The Chartered Institute of Bankers of Nigeria, CIBN, has stressed the need to create stability within the financial system which it said will go a long way in promoting economic prosperity of the…
- 2 Sept 2020
UBA Delivers N300.6Bn Gross Earnings, Declares N0.17k Interim Dividend
United Bank for Africa (UBA) Plc, Africa’s leading financial institution, has announced its audited financial results for the half year ended June 30, 2020, showing commendable growth across key…
- 20 Nov 2020
UBA Gross Earnings Hits N454.4Bn, Delivers NN90.4Bn PBT in Q3
United Bank for Africa (UBA) Plc, the Pan African financial institution, has announced commendable performance in its unaudited 2020 Third Quarter Financial Results, with impressive growth in Gross…
- 8 Mar 2021
UBA Posts Double-Digit Growth in Gross Earnings as Profit Hits N132Bn
United Bank for Africa Plc (UBA), Pan-African financial institution, has announced its audited results for the full-year ended December 31, 2020, recording impressive growth across its top and bottom…
- 22 Mar 2021
Union Bank Declares 25 kobo Dividend to Shareholders for 2020 Business Year
Union Bank of Nigeria (UBN) Plc has declared payment of dividend per share of 25 kobo to shareholders as return for the 2020 business year. The bank’s results for the period show sustained growth in…
- 27 Aug 2021
Agusto & Co: Elevated CRR Level Moderated Banking Industry’s Performance in FY 2020
The Nigerian banking industry would have recorded a return on average equity (ROE) of 31.6 per cent if not for the aggressive implementation of the cash reserve requirement (CRR) policy in 2020,…